Future can help you find investment opportunities that pay off in the long run with most profitable business. Whether you’re looking to invest on your own or as part of a company-wide strategy. The number one thing you should look for in any business, of course, is profitability or rather, profitability potential. But there are other factors to keep in mind as well, such as market trends and consumer demand over time. Here are few of the most profitable businesses of the future—ideas that will likely remain profitable regardless of what technological advances arise during their lifetime.
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Personalized Medicine Most Profitable Business
The business of personalized medicine is expected to be a billion-dollar industry that is why it is most profitable business. US government’s Human Genome Project was completed in 2003, and it promised access to our complete genetic code by 2005—yet that hasn’t happened. But at least one genetic testing company, made $80 million last year. And while we don’t yet have genomic doctors who can deliver customized treatment plans based on your DNA, we will soon.
For example, a small study published in 2013 found that people with certain gene mutations are more likely to develop type 2 diabetes. Meaning they could benefit from early interventions like diet or exercise (though their doctor won’t know their mutation unless they get tested).
In another study published last year, researchers found that people with a specific gene mutation were significantly less likely to respond well to antidepressant medications. Meaning they might want to try something else first. And just today there’s news about an experimental drug for cancer patients. That works better for some people than others based on their genetics; two separate studies were able to identify which patients would benefit most from taking it.
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Nanotechnology Most Profitable Business
Nano-technology is a science and technology based on creating devices, structures, or materials of a size measured in nanometers (nm). Where one nanometer (nm) is one billionth of a meter (10m). It will also help to find a cure for diseases such as cancer. It can be use to create medical implants by using Nano-robots that will enter into cells and destroy cancerous cells and release medicine after completing their task. Nano-medicine will become an important field in medicine and pharmaceutics so that Nano-bio biosystems can be made which could perform multiple tasks automatically, efficiently and effectively.
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Self-Driving Cars
Self-driving cars is among most profitable business by 2040, self-driving cars will be widespread and becoming increasingly common. In 10 years, it’ll seem crazy that anyone would ever have owned a car that they couldn’t drive themselves. How long will it take? It could be sooner if ride-sharing services like Uber become even more popular than they are today. It could be later if governments drag their feet passing new laws to allow self-driving cars on public roads. But either way, expect to see many changes over the next decade as we figure out how—and where—to let these tech trendsetters onto our streets.
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Cryptocurrencies Most Profitable Business
New cryptocurrencies are popping up all over and many have begun to gain mainstream attention, but which ones will be profitable? There are a lot of variances when it comes to trading cryptocurrency, but below are some major platforms with relatively good reputations. You’ll notice that most of these cryptocurrencies require investors to put down money for a stake. Meaning that if you want to play around with Ethereum, you need to buy some Ethereum.
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Virtual Reality And AI
Nothing demonstrates more than a simple search for the most profitable businesses and what technology can do for business. In a few years, our planet will be rife with highly profitable businesses—from VR gaming to AI-powered everything—that simply didn’t exist twenty years ago.
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Biotech Foods
Biotech is most profitable business as more farmers continue to find innovative ways to improve crops and livestock. This foods could soon become a huge part of our economy. It’s important to point out that many countries are already using biotech foods—dozens of them by some estimates.
That said, there are a lot of red tape that come with growing food from genetically modified organisms (GMOs). That could change as our understanding of how GMOs affect us and our environment improves. Who knows that biotech foods could become one of your most profitable businesses someday? It may be one of your only options if you want to stay competitive as genetic engineering becomes more common.
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Flying Cars
Amazing and most profitable business yes, flying cars are possible. A Russian company name Flying Car is already working on its first model, while Tesla and Uber are also rumore to be working on their versions. It may not be long before you’re cruising over traffic jams at 200 mph while your driverless car flies 30 feet above the ground. Would you like that? Well, maybe not all of us (or maybe you’re a Millennial with no fear), but there’s no denying that it would be cool.
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Cannabis, Hemp, And Marijuana Products
In terms of health benefits, cannabidiol (CBD) has emerged as a powerful anti-inflammatory and anti-anxiety compound. Most profitable business CBD isn’t legal everywhere, you can find it almost anywhere now. CBD is one of many compounds found in cannabis plants, but unlike THC (the stuff that gets you high), it doesn’t produce any psychoactive effects. If anything, CBD might just be an all-natural sleep aid for those who suffer from insomnia or other sleeping disorders. It also has shown promise as an effective treatment for epilepsy and other neurological conditions such as Parkinson’s disease. The legality of cannabis products varies by country; check out guide to learn more about how cannabis is regulate around the world.
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Space tourism Most Profitable Business
Out-of-this-world adventure is right at our fingertips with space tourism becoming a reality. As of January 2017, nine private citizens were paid to go into space, including celebrated names like Microsoft co-founder Paul Allen and fashion designer Diane von Furstenberg. The cost? A cool $20 million.
Of course, that figure is nothing compare to what governments and corporations will spend over time—the annual budget for NASA’s exploration program alone was estimate at more than $16 billion as of 2009. In total, business giants are spending some $300 billion annually on space programs worldwide (much of it classified). Think you’re missing out on investment opportunities in outer space.
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